NAA : Upholds flat-buyer’s profiteering claim against developer for not passing additional ITC benefit

NAA upholds case of profiteering against Respondent-Developer for not passing additional benefit of ITC to the flat buyers in his project ‘East Crest’ u/s 171 of CGST Act, 2017; Finds that, additional ITC benefit of 1.45% of taxable turnover (i.e difference between pre-GST ( 3.06% ) and post-GST (4.51%) ratio) should be passed on to all home buyers who booked flats prior to July 1, 2017 but made payments after said date; States that, profiteered amount is determined at Rs...